Pension funds and multi-nationals across the globe have
been called upon to offer their thoughts on managing defined benefit (DB)
risks in today’s market.
The Hewitt Associates 2008 Global Pension Risk survey was also conducted
in 2006 which collected and analysed the views on managing the global
pension risk of companies in North America and Europe. Many of the respondents
to the previous survey were multinational companies, one major finding
being that risk approaches can differ between the treatment of local pension
plan risk, and global co-ordination of risks.
The purpose of the 2008 survey is to understand current thinking, approaches
and attitudes taken by companies in addressing and managing their DB pension
plan risks - both in a local context and in a global context.
Kevin Wesbroom, head of Hewitt's Global Risk Services in the UK, commented:
"The financial health of companies is directly linked to how they
manage risk. They need to understand and identify the level of risk that
will generate the greatest return on their "risk investment".
During the last two years there have been significant developments in
this critical area and this year's survey is aimed at highlighting changes
that have occurred, as well as both the differences and similarities in
the approaches that companies are taking."
The survey can be filled in online. All participants will receive a copy
of the survey findings.